Oil Price Daily News Update
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- U.S. Corn-Ethanol Gas Push: Small Step in a Grand Project
- California’s Nuclear Power Woes
- Elgin Gas Leak Presses London on Transparency
- What Happens if Iran Doesn’t Back Down?
- Brazil’s Clean Energy Revolution – Infographic
- New Shetland Wind Farm to be the Most Productive in the World
- ConocoPhillips Board Approves Plan to Split into Two Companies
- The Law that Prevents Cheap Fuel for America
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U.S. Corn-Ethanol Gas Push: Small Step in a Grand Project Posted: 05 Apr 2012 03:22 PM PDT As efforts to reduce US dependence on foreign fuel imports gain momentum, along with soaring gas prices, the federal government is moving towards allowing the wide distribution of gasoline mixed with 15 percent ethanol, which could be ready for sale as early as this summer. It is a small victory in a much larger biofuels scheme, and there are still hurdles to get past. Registration will require a new set of federal tests, individual states still must make the mixed gasoline a registered fuel, and distributors must still be brought on board to sell…
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California’s Nuclear Power Woes Posted: 05 Apr 2012 03:18 PM PDT What a difference a year makes. In early 2011, America’s nuclear energy community and its proponents were cautiously hoping that America’s troubled nuclear power industry could experience a renaissance, 32 years after Three Mile Island and 25 years after Chernobyl, the U.S. and USSR’s worst nuclear catastrophes. Given the rising concern about global warming, nuclear advocates never ceased to point out that nuclear power plants (NPPs) produced zero greenhouse gas emissions, unlike fossil fuel fired thermal power plants burning…
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Elgin Gas Leak Presses London on Transparency Posted: 05 Apr 2012 03:14 PM PDT A looming natural gas disaster off the coast of Scotland prompted the British government to address transparency issues regarding oil and natural gas leaks in its territorial waters. Eight months ago, there were concerns expressed when U.S. supermajor Chevron was accused of withholding information about what turned out to be one of the worst oil spills in the region in decades. North Sea reserves are in decline, suggesting international energy companies are searching in less than secure areas. Yet it seems to have taken a flare burning a few hundred…
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What Happens if Iran Doesn’t Back Down? Posted: 05 Apr 2012 03:11 PM PDT If an embargo is successful in preventing Iran from selling a significant amount of oil on the world market, what would replace it? On Friday the White House released the following statement: there currently appears to be sufficient supply of non-Iranian oil to permit foreign countries to significantly reduce their import of Iranian oil, taking into account current estimates of demand, increased production by some countries, private inventories of crude oil and petroleum products, and available strategic petroleum reserves and in fact, many purchasers…
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Brazil’s Clean Energy Revolution – Infographic Posted: 05 Apr 2012 03:01 PM PDT Brazil is the fifth largest country in the world, has the sixth largest economy, and is therefore quickly becoming an important global power. However not only does it have a large developing economy, it has also one of the largest renewable energy industries in the world; an industry that has enabled it to achieve energy independence, and therefore granted it a unique and powerful position in international politics. With large oil, hydroelectric, and biofuel sectors, the country tries to make the most of its natural resources to ensure a level…
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New Shetland Wind Farm to be the Most Productive in the World Posted: 05 Apr 2012 02:54 PM PDT The Shetland Islands in the north-east of Scotland regularly experience the highest wind speeds in Europe, and to take advantage of this a new on-shore wind farm project has been approved by ministers, despite resistance by local residents. The joint venture between energy giant SSE and Viking Energy Ltd will consist of 103 wind turbines, cut down from 127 by Fergus Ewing, the Scottish energy minister, and will have a 370 megawatt capacity. It will provide electricity to power 175,000 homes, more than 16 times the number on the Shetlands, and generate…
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ConocoPhillips Board Approves Plan to Split into Two Companies Posted: 05 Apr 2012 02:51 PM PDT Over the past several years ConocoPhillips has invested billions of dollars to help it grow into the third largest oil company in America, behind Exxon and Chevron. They bought Burlington Resources for $35 billion, and invested billions more in the Rockies Express pipeline, and Russia’s Lukoil. In a move that continues their evolution the oil giant has now been given permission by its board of directors to progress with the plan to split it into two companies; one which produces oil, and the other which refines it. The split was first announced…
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The Law that Prevents Cheap Fuel for America Posted: 05 Apr 2012 02:50 PM PDT 100 million acres of American farmland is used to grow corn, of which a third is then turned into approximately 14 billion gallons of cellulosic ethanol. Yes it helps to slightly reduce the carbon emissions of US exhausts, but as a huge cost. Steven Sterin is the president of Celanese, a chemicals company from Dallas, and claims that his company has “the best gas-to-liquids and coal-to-liquids technology in the world.” Celanese makes its ethanol by tearing apart and recombining the hydrocarbons found in plentiful natural gas or coal.…
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